DS Security

Active

Private limited companyfounded 20233 yrs activeOlieslagerstraat (STG) 41, 9200 Dendermonde, BelgiumKBO/BCE: BE 0801.846.738

The computed 12-month bankruptcy probability of DS Security is 4.1% (elevated). The 2024 annual accounts show equity of €4k and a net result of €-16k. Its solvency ranks better than 12% of 36376 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

7 / 100

Critical▼ -79 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-100

Solvency12▼-81

Growth32

Stability94

Bankruptcy probability, 12 months

4.1% Elevated

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.86 against 1.91 in 2023), and 93.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

6.3%

Return on assets

-24.1%

Age of the figures

20 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 36376 sector peers (2024).

NBB · sector comparison

Position among 36376 sector peers

Solvency

better than 12%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-06-2025, 40 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

not confirmed

2024

40 d early

2023

41 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€4k▼ 79.4%

2023 · €20k

2023: €20k

2023 → 2024

Total assets

€67k▲ 62.9%

2023 · €41k

2023: €41k

2023 → 2024

Net result

€-16k

2023 · €14k

2023: €14k

2023 → 2024

Working capital

€-9k

2023 · €19k

2023: €19k

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Equity€20k-€4k▼ 79.4%

Operating result€19k-€-15k

Net result€14k-€-16k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €15k after €19k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €67k

19.3%

80.7%

Fixed assets €13k▲ 720%

Current assets €54k▲ 36.8%

Equity and liabilities €67k

93.7%

Equity €4k▼ 79.4%

Debt €63k▲ 203%

The debt ratio rises from 50.5% to 93.7%: debt grows while equity shrinks.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-13k▼

2023 · €19k

Cash flow

€-14k▼

2023 · €15k

Solvency

6.3%▼

2023 · 49.5%

Current ratio

0.86▼

2023 · 1.91

Quick ratio

0.82▼

2023 · 1.91

Debt / equity

14.98▲

2023 · 1.02

ROE

-385.9%▼

2023 · 70.6%

ROA

-24.1%▼

2023 · 35.0%

Interest coverage

-15.33▼

2023 · 32.30

Debt

€63k▲

2023 · €21k

Debt ≤ 1 year

€63k▲

2023 · €21k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€41k€67k▲

Fixed assets21/28€2k€13k▲

Tangible fixed assets22/27€2k€13k▲

Plant, machinery and equipment23-€11k

Furniture and vehicles24€2k€2k▲

Current assets29/58€40k€54k▲

Stocks and contracts in progress3-€3k

Stocks30/36-€3k

Amounts receivable within one year40/41€27k€44k▲

Trade receivables40€20k€34k▲

Other amounts receivable41€7k€10k▲

Cash at bank and in hand54/58€12k€8k▼

Equity and liabilities

Total equity and liabilities10/49€41k€67k▲

Equity10/15€20k€4k▼

Contributions10/11€6k€6k=

Profit (loss) carried forward14€14k€-2k▼

Amounts payable17/49€21k€63k▲

Amounts payable within one year42/48€21k€63k▲

Trade debts44€10k€8k▼

Suppliers440/4€10k€8k▼

Taxes, remuneration and social security45€4k€4k=

Taxes450/3€4k€4k=

Other amounts payable47/48€6k€51k▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€80€2k▲

Other operating charges640/8€2k€2k▲

Gross operating margin9900€21k€-11k▼

Operating profit (loss)9901€19k€-15k▼

Financial charges65/66B€591€845▲

Recurring financial charges65€591€845▲

Profit (loss) for the period before taxes9903€18k€-16k▼

Income taxes67/77€4k-

Profit (loss) for the period9904€14k€-16k▼

Profit (loss) for the period to be appropriated9905€14k€-16k▼

Appropriation of the result

Profit (loss) to be appropriated9906€14k€-2k▼

Profit (loss) brought forward from the previous period14P-€14k

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 2Filings 2

2025

21-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

20-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

NBB filing

Directors · office · real estate

Directors

2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Dendermonde · 1 establishment unit since 2023

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Olieslagerstraat (STG) 419200 Dendermonde

Ground area

471 m²

Building footprint

74 m²

Volume, LiDAR

418 m³

Parcel 42021B0291/00P000, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

DS Security

Olieslagerstraat (STG) 41, 9200 DendermondeManufacture of metal structures and parts of structures

since 20232.345.275.205

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
42021B0291/00P000	Flanders	471 m²	1 · 74 m²	10.4 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

GASTRO CONCEPT

BE 0685.864.531

Heusden-Zolder · Eq €4k

Of 22,728 companies in sector 43211 we hold annual accounts for 10,270. 3,255 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded16-05-2023

Fiscal year end31-12

Activities, NACEBEL

43211General electrical installation work

25110Manufacture of metal structures and parts of structures

33120Repair and maintenance of machinery

43240Other construction installation

43299Specialised construction activities

43320Joinery installation

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.